Question
1.The information below pertains to Krush Company inventory. Date # of Units Price per Unit April 1 300 $2.40 April 3 Sold 200 April 10
1.The information below pertains to Krush Company inventory.
Date # of Units Price per Unit
April 1 300 $2.40
April 3 Sold 200
April 10 Purchased 500 $2.50
April 12 Sold 500
April 14 Purchased 400 $2.60
April 20 Purchased 400 $2.65
April 26 Sold 300 Compute the ending inventory and cost of goods sold under each of the following cost flow assumptions. Ending Inventory Cost of Goods Sold a)LIFO - Periodic b) FIFO - Perpetual c) Perpetual Average Cost
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
